Monday, September 29, 2008
Corporations in Control
Monday, September 22, 2008
Is freedom present within a capitalistic world?
Sunday, September 21, 2008
Review on 'The Story of Stuff'
Capitalist Logic
Saturday, September 20, 2008
Capitalism: Do we really want it?
'Free-market capitalism' is one of the social conditions that is being implemented in the U.S. The general idea about the capitalism itself is an economic system where profit-making is more important than anything else, or to be exact, profit-making is the priority in one's company. "Capitalism, so it is said, is optimally efficient, innovative, and free" (Schweickart 87). Is his statement really true? I doubt it completely.
The meaning of capitalism can be seen vividly through Parenti's perspective that there are two different ways of living among society: those who own the wealth of society and those who work for a living (Parenti 6). Some of the latter need to open a small business for living and some of them contribute their energy to help finding fortune for their employers, not themselves. Parenti wrote, [y]ou are the member of the owning class when your income is very large and comes mostly from the labor of other people, that is, when others work for you, either in a company you own, or by creating the wealth that allows your investments to give you a handsome return. The secret to wealth is not to work hard but to have others work hard for you (Parenti 7). The points that Parenti tried to convey to his reader are very clear that not those who own the wealth that have to work hard, but people who work for them that must work hard and help them to get the fortune that they desired. From my point of view, this is very unethical as the employer is being selfish by not really doing his job but depending on his/her workers to get the benefit, as in the profit.
Capitalism has its own pros and cons. As we have discussed in class in the past two weeks, profit-making is indeed a good thing but it goes hand by hand to the destruction in the environment and the labor workers. One of the instances, capitalism leads to inequality. The workers of those who owns the wealth work harder than the owner, but actually they are being exploit in order to make money for their employer. The wages that they received are inappropriate to their contributions to the company. Pollan wrote that huge demand for corn has affected the environment. Some people might ask what is the significant of corn to capitalism. I did too. Indeed, they are related to each other. Almost 99.9% of our food contains corn as it is one of the things that contribute fortune for profit-making. However, too much corn can give detrimental effects to our body and environment. Is that what we want from capitalism?
I remember that Professor Perry once said that capitalism is a freedom in the U.S. However, if it is really a freedom, the definition of freedom according to Hospers,"[n]o one is anyone else's master, and no one is anyone else's slave" is completely deniable because the workers work too hard as if they are slaves of their employer but it do not worth them any cents at all.
Thursday, September 18, 2008
Parade of Giants
Wednesday, September 17, 2008
Don't Put All Your Eggs In One Basket: Corn
The Story of Stuff -a review
Recalling from our discussion in previous classes, about rights, it makes me sick to think of how big corporations take lands from the people of Third World countries. They build their factories there, harvest the natural resources and the people who live there have no other choice but to work for them. These people have their rights being violated.
The world of capitalism we lived in, force us to buy stuff. She did mentioned fashion and advertisements that somehow tell us that whatever we have now is not enough and we should buy more and more stuff. For the most of this part I agree with her. But when she mentioned perceived obsolescence, and compared the flat screen monitor with the big, cathode ray tube (CRT) monitor, I have trouble to agree with the way she represent the idea. Isn't the flat screen monitor a better innovation than the latter? It takes less space, and much lighter. Furthermore, a flat screen monitor uses LESS energy than a CRT.
We have "a system in crisis", according to "The Story of Stuff". But, it is wrong to say that "it's just not working" since this system has benefited a lot of us. If it is not because of this system, you will never have met the Internet. "A system that doesn’t waste resources or people, sustainability, equity, renewable, local living economy…” as suggested by her may be possible to achieved. But that is not the question. The question is, whether the government and the corporations that played the most important roles in this system are ready to give up the profit-making paradigm that has been their purpose of existence nowadays. Remember, in this capitalist world, if a corporation does not make profit, it will disappear.
Tuesday, September 16, 2008
Corn and Capitalism
Saturday, September 13, 2008
Argument on minimal government concept
Hospers did mention that people will never go hungry: "with the restrictions removed, the economy would flourish as never before" (pg 326). Yet is it always true that with the restrictions removed, more and more consumers needs, will be satisfied by the expansion of existing business and establishment of new business? Is it always true that the employment rate will increase? Is it always the case, as I think that those who control the business will gain much more profit, and they will not think about assisting the needy (unless it will lead to even more profit) and thus the poor will be even poorer.
In class, we discussed about how government plays an important role to supervise companies' operation. There should be regulations and laws enforced by the government so that these companies will keep producing goods and services that are up to standard. In the social condition of minimal government interference as suggested by Hospers, big companies that have achieved monopoly in the business will start producing products that will not last long just for profit. Consumers are forced to buy these products and eventually, they will be dissatisfied because the products are not worth the money they spent.